Unlocking Growth: Trade Finance Solutions for SMEs by Tradewind

Trade Finance Solutions for SMEs

Trade finance exists to help mitigate the considerable financial risk SMEs face in the manufacturing industry. The welfare of SMEs is incredibly important for the wider economy, as around 90% of businesses worldwide are SMEs, and they are responsible for more than 50% of employment, per The World Bank. Large buyers in the U.S. take an average of 54.7 days to pay their invoices, and another chunk of buyer payments are considered late. This has a huge negative impact on a manufacturer’s cash flow and could create a domino effect that threatens their solvency, as 82% of SMEs fail due to poor cash flow management.